Cambium Networks Q1 revenue drops 45% YoY to $42.3M; net loss $26.4M

Cambium Networks Corp

2024-Q1 EPS reported -$0.95 vs consensus -$0.24 ▼ miss (-296.3%)

Revenue $42.3M, down 45% YoY but up 5% sequentially from Q4 2023.
GAAP net loss $26.4M ($0.95/share); non-GAAP net loss $12.7M ($0.46/share).
Adjusted EBITDA loss $15.5M (-36.7% rev) vs positive $10.4M a year ago.
Full year 2024 revenue guidance $205-225M (down ~7% to up 2% YoY); Q2 rev $43-48M.
CEO cites 6 GHz spectrum FCC approval and enterprise recovery for sequential growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Cambium Networks Corp reported first quarter 2024 ended March 31, 2024 results: revenue $42.3 million, net income $26.4 million or a loss of $0.95 per diluted share, EPS $0.95 per diluted share. Guidance reaffirmed.

Period: first quarter 2024 ended March 31, 2024
Revenue: $42.3 million
Net income: $26.4 million or a loss of $0.95 per diluted share
EPS: $0.95 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Cambium Networks Reports First Quarter 2024 Financial Results • Revenues of $42.3 million

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Source: SEC EDGAR

accession 0000950170-24-056891

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